ESIT.L vs. HTWD.L

Last updated Jul 30, 2026

ESIT.L (iShares MSCI Europe Information Technology Sector UCITS ETF) and HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF USD (Dist)) are both exchange-traded funds - ESIT.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while HTWD.L is a Emerging Markets Equities fund tracking the MSCI Taiwan Capped Index. Both are passively managed. Over the past 5 years, ESIT.L returned 9.01%/yr vs 18.88%/yr for HTWD.L. Their 0.58 correlation means they have sometimes moved together and sometimes differently. ESIT.L charges 0.18%/yr vs 0.50%/yr for HTWD.L.

Performance

ESIT.L vs. HTWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) and HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (HTWD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESIT.L is traded in GBP, while HTWD.L is traded in USD. To make them comparable, the HTWD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESIT.L achieves a 24.59% return, which is significantly lower than HTWD.L's 41.54% return.

ESIT.L

• 1D: -1.41%
• 1M: -13.39%
• 6M: 11.76%
• YTD: 24.59%
• 1Y: 40.96%
• 3Y*: 17.17%
• 5Y*: 9.01%
• 10Y*: —
• ALL TIME*: 11.01%

HTWD.L

• 1D: -4.96%
• 1M: -14.38%
• 6M: 29.11%
• YTD: 41.54%
• 1Y: 63.82%
• 3Y*: 33.30%
• 5Y*: 18.88%
• 10Y*: 19.07%
• ALL TIME*: 14.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESIT.L iShares MSCI Europe Information Technology Sector UCITS ETF	£268.93K	£310.46K	£410.71K
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist)	£311.10K	£300.11K	£492.17K

ESIT.L vs. HTWD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESIT.L iShares MSCI Europe Information Technology Sector UCITS ETF	24.59%	14.73%	2.74%	32.37%	-24.43%	27.26%	-3.05%
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist)	41.54%	22.83%	27.59%	22.54%	-21.01%	28.99%	6.46%

Correlation

The correlation between ESIT.L and HTWD.L is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020	0.58

The correlation between ESIT.L and HTWD.L shifts across timeframes, from 0.58 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.

ESIT.L vs. HTWD.L - Sectors Allocation Comparison

Sectors	ESIT.L	HTWD.L
Technology	93.2%	78.2%
Communication Services	4.6%	1.4%
Industrials	2.2%	2.3%
Basic Materials	-	2.8%
Consumer Cyclical	-	0.2%
Consumer Defensive	-	0.8%
Energy	-	-
Financial Services	-	12.5%
Healthcare	-	0.7%
Real Estate	-	-
Utilities	-	-

Return for Risk

ESIT.L vs. HTWD.L — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ESIT.L

ESIT.L Risk / Return Rank: 65
ESIT.L Sharpe Ratio Rank: 66
ESIT.L Sortino Ratio Rank: 65
ESIT.L Omega Ratio Rank: 60
ESIT.L Calmar Ratio Rank: 67
ESIT.L Martin Ratio Rank: 70

HTWD.L

HTWD.L Risk / Return Rank: 88
HTWD.L Sharpe Ratio Rank: 91
HTWD.L Sortino Ratio Rank: 86
HTWD.L Omega Ratio Rank: 87
HTWD.L Calmar Ratio Rank: 86
HTWD.L Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ESIT.L vs. HTWD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) and HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (HTWD.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ESIT.L	HTWD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.29	-0.80
Sortino ratio: Return per unit of downside risk	2.12	2.89	-0.77
Omega ratio: Gain probability vs. loss probability	1.26	1.38	-0.13
Calmar ratio: Return relative to maximum drawdown	2.29	3.16	-0.87
Martin ratio: Return relative to average drawdown	8.29	13.48	-5.19

ESIT.L vs. HTWD.L - Sharpe Ratio Comparison

The current ESIT.L Sharpe Ratio is 1.49, which is lower than the HTWD.L Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of ESIT.L and HTWD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ESIT.L vs. HTWD.L - Drawdown Comparison

The maximum ESIT.L drawdown since its inception was -37.50%, which is greater than HTWD.L's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for ESIT.L and HTWD.L.

Drawdown Indicators

	ESIT.L	HTWD.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.50%	-32.66%	-4.84%
Max Drawdown (1Y) Largest decline over 1 year	-17.84%	-20.10%	+2.26%
Max Drawdown (3Y) Largest decline over 3 years	-24.76%	-29.82%	+5.06%
Max Drawdown (5Y) Largest decline over 5 years	-37.50%	-30.12%	-7.38%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.12%	—
Current Drawdown Current decline from peak	-17.84%	-20.10%	+2.26%
Average Drawdown Average peak-to-trough decline	-11.51%	-7.46%	-4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.87%	4.72%	+0.15%

Volatility

ESIT.L vs. HTWD.L - Volatility Comparison

The current volatility for iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) is 9.97%, while HSBC MSCI Taiwan Capped UCITS ETF USD (Dist) (HTWD.L) has a volatility of 11.50%. This indicates that ESIT.L experiences smaller price fluctuations and is considered to be less risky than HTWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESIT.L	HTWD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.97%	11.50%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	22.85%	24.62%	-1.77%
Volatility (1Y) Calculated over the trailing 1-year period	27.39%	27.76%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.04%	22.51%	+4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.65%	21.29%	+5.36%

ESIT.L vs. HTWD.L - Expense Ratio Comparison

ESIT.L has a 0.18% expense ratio, which is lower than HTWD.L's 0.50% expense ratio.

Dividends

ESIT.L vs. HTWD.L - Dividend Comparison

ESIT.L has not paid dividends to shareholders, while HTWD.L's dividend yield for the trailing twelve months is around 0.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESIT.L iShares MSCI Europe Information Technology Sector UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF USD (Dist)	0.43%	1.53%	1.18%	2.73%	3.31%	1.13%	1.69%	2.08%	2.79%	1.37%	2.64%	2.65%

Frequently Asked Questions

Can I hold both ESIT.L and HTWD.L in my portfolio?

ESIT.L and HTWD.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESIT.L or HTWD.L?

On fees, ESIT.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESIT.L or HTWD.L?

ESIT.L is cheaper with a 0.18% expense ratio, compared with 0.50% for HTWD.L.

What is the main difference between ESIT.L and HTWD.L?

ESIT.L is categorized as Technology Equities, while HTWD.L is Emerging Markets Equities. ESIT.L tracks MSCI World/Information Tech NR USD, while HTWD.L tracks MSCI Taiwan Capped Index. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.18% for ESIT.L and 0.50% for HTWD.L.